These are challenging times for Patanjali when the competitors are getting stronger and the company's revenue growth is plummeting.

NEW DELHI: The Uttar Pradesh government on Tuesday gave its nod to Patanjali Ayurved Pvt Ltd to transfer its land to its subsidiary company in Greater Noida for setting up a Rs 6,000-crore mega food park. Patanjali heads had earlier accused the Yogi Adityanath government of bureaucratic delays in approving big investment projects.

The cabinet has decided to add the name of Patanjali food Ayurved to the allotted land while keeping the other terms and conditions of the project same. The state government decision enables Patanjali to meet the Centre’s 30 June deadline to fulfil its various conditions, including acquisition of land, for its final nod to set up the food park.

According to government sources, conditions that were being questioned include acquisition and transfer of land in the name of Patanjali Ayurved’s subsidiary.

The company wanted to transfer 91 acres of this land to its subsidiary Patanjali Food and Herbal Park Noida Pvt Ltd to set up a mega food park. The papers of the park, said government sources, weren’t submitted on time, which led to the delay.

The infrastructure and industrial development policy of 2012, under which land had been allocated to Patanjali along the Yamuna Expressway in 2016, did not allow for land to be subleased, which has now been sorted, government sources said.

UP industries minister Satish Mahana told ET the land was allotted to Patanjali Ayurved Ltd in 2016 but after that the Centre had come out with a policy for food parks which they had to comply with.

“The company applied for the facilities and incentives there. So government of India sanctioned the park. We had allotted 455 acres of land to them, in which there was a clause that they will be given 25% of the rate incentives and 20% of the land could be sub let to some other company. The land that was previously allotted to Patanjali Ayurved will now be allotted to Patanjali Food and Herbal Park. The same facilities committed earlier will now be given to this company which solves the issue from our side,” Mahana said.

Patanjali spokesperson S K Tijarawala said the company was very happy that the proposal had been cleared by the UP government and that it was now expected of the Centre too, to do the same.

“The Prime Minister has been talking about doubling farmer incomes. Once, the food park is ready it will do much more than that. We never had any problems with the UP government. It was only bureaucratic delay which has now been sorted out.”

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